Inception XR
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | 3.7m | 3.8m | 4.2m | 4.4m | 4.4m | 4.4m |
% growth | - | 3 % | 11 % | 5 % | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | $15.0m | Series A | |
* | N/A | N/A | IPO |
Total Funding | CAD20.5m |
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Recent News about Inception XR
EditInception XR is a pioneering company in the immersive content space, specializing in augmented reality (AR) to transform the reading experience. The company operates in the digital publishing and educational technology markets, primarily targeting children aged ten and under. Inception XR's flagship product, Bookful, is an AR 3D reading app that brings stories to life through interactive and engaging experiences. The app features a vast library of titles from leading publishers such as Oxford University Press, Harper Collins, DK, and Hachette, including popular book series like Thomas the Tank Engine, PJ Masks, Peppa Pig, and My Little Pony. Each book is enhanced with related games and interactive activities, making reading a more engaging and educational experience for young readers.
Inception XR's business model revolves around a subscription-based service, where users pay a recurring fee to access the extensive library of AR books and activities. The company also generates revenue through partnerships with publishers and educational institutions, offering customized AR content and solutions.
Inception XR leverages its proprietary technology and creative studio to produce high-quality mixed reality content at scale. The company's vision is to revolutionize the way we consume written content, positioning XR as the next frontier in reading, similar to how digital and audio books have transformed the literary landscape.
Keywords: Augmented Reality, Interactive Reading, Children's Books, Digital Publishing, Educational Technology, Mixed Reality, Subscription Service, Bookful App, Immersive Content, Proprietary Technology.